$5.84 Million in Sales Expected for Aspen Group Inc (ASPU) This Quarter

Equities analysts forecast that Aspen Group Inc (NASDAQ:ASPU) will report sales of $5.84 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aspen Group’s earnings, with the lowest sales estimate coming in at $5.78 million and the highest estimate coming in at $5.90 million. Aspen Group posted sales of $3.74 million in the same quarter last year, which suggests a positive year-over-year growth rate of 56.1%. The firm is scheduled to issue its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Aspen Group will report full-year sales of $5.84 million for the current fiscal year, with estimates ranging from $21.00 million to $22.70 million. For the next financial year, analysts forecast that the company will post sales of $41.03 million per share, with estimates ranging from $39.06 million to $43.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Aspen Group.

Several research firms recently weighed in on ASPU. Zacks Investment Research downgraded shares of Aspen Group from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th. Finally, Roth Capital upped their price target on shares of Aspen Group from $9.60 to $12.25 and gave the company a “buy” rating in a report on Thursday, December 14th.

A number of hedge funds and other institutional investors have recently modified their holdings of ASPU. P.A.W. Capital Corp acquired a new stake in Aspen Group in the 3rd quarter valued at about $1,570,000. Unterberg Capital LLC acquired a new stake in Aspen Group in the 3rd quarter valued at about $2,355,000. Finally, Royce & Associates LP acquired a new stake in Aspen Group in the 3rd quarter valued at about $553,000. 5.92% of the stock is owned by institutional investors.

Aspen Group (NASDAQ:ASPU) traded down $0.39 during mid-day trading on Monday, reaching $8.78. 56,200 shares of the company traded hands, compared to its average volume of 123,725. The firm has a market capitalization of $130.09, a P/E ratio of -51.65 and a beta of 0.75. Aspen Group has a 1-year low of $2.76 and a 1-year high of $9.51. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.58.

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Aspen Group Company Profile

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

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Earnings History and Estimates for Aspen Group (NASDAQ:ASPU)

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